Tim Lincecum is holding a showcase in Scottsdale, Arizona, to show teams who might be interested in signing him what he still has left in the tank. The Yankees were said to be interested in the two-time Cy Young winner back in February, but that interest seems to have died down. Now the team doesn't plan to attend Lincecum's showcase, and the Orioles are the lone AL East team that appears on the list.
It isn't difficult to understand why the Yankees might not be overly invested in trying to get Lincecum on the team. He's over 30 and coming off surgery for a hip injury that caused him to miss the end of the 2015 season. Although the Yankees have dealt with struggles among their starting rotation, there isn't a clear spot for Lincecum on the team.
The biggest place the Yankees could stand to upgrade that is actually realistic would be to find a long reliever better than Ivan Nova. Lincecum could possibly be that, but he'll almost certainly receive an offer to join a team's starting rotation if his showcase goes well. For that reason, it's easy to see why the Yankees may not be as interested as before.
If, and it's a big if, Lincecum can return to his former self, and there is no real indication at this time that he can or he'd probably already be signed, he would be a valuable piece to stash away in case of injury for the Yankees. Unfortunately, that would also mean that some team would be willing to give him a shot right away. He would be silly not to take that over a chance to contribute down the line.
The Yankees are probably stuck with the five pitchers they have, and will likely only find any relief if they choose to push Bryan Mitchell into the rotation once he returns. The struggling pitchers that the Yankees have, especially Michael Pineda, are probably not going anywhere. The best the team can hope for is a quick turnaround because there isn't much help on the way.